North Star Asset Management Inc. Has $335,000 Position in Motorola Solutions Inc. (MSI)
North Star Asset Management Inc. continued to hold its stake in Motorola Solutions Inc. (NYSE:MSI) during the second quarter, according to its most recent filing with the SEC. The fund owned 4,427 shares of the company’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in Motorola Solutions were worth $335,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in MSI. BlueMountain Capital Management LLC purchased a new stake in Motorola Solutions during the first quarter valued at about $100,000. Reynolds Capital Management LLC purchased a new stake in Motorola Solutions during the first quarter valued at about $204,000. Telemus Capital LLC raised its stake in Motorola Solutions by 5.4% in the second quarter. Telemus Capital LLC now owns 3,405 shares of the company’s stock valued at $225,000 after buying an additional 173 shares during the period. Bayesian Capital Management LP purchased a new stake in Motorola Solutions during the first quarter valued at about $346,000. Finally, Nordea Investment Management AB raised its stake in Motorola Solutions by 4.9% in the second quarter. Nordea Investment Management AB now owns 5,261 shares of the company’s stock valued at $347,000 after buying an additional 248 shares during the period. Hedge funds and other institutional investors own 85.38% of the company’s stock.
Shares of Motorola Solutions Inc. (NYSE:MSI) traded up 0.42% on Wednesday, hitting $73.81. 1,004,533 shares of the stock were exchanged. The company’s 50 day moving average is $76.25 and its 200-day moving average is $72.28. Motorola Solutions Inc. has a 52-week low of $59.13 and a 52-week high of $78.99. The stock has a market cap of $12.31 billion, a PE ratio of 26.04 and a beta of 0.48.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.17. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Motorola Solutions had a net margin of 9.04% and a negative return on equity of 223.77%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. Analysts predict that Motorola Solutions Inc. will post $4.60 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be given a $0.41 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.64 dividend on an annualized basis and a yield of 2.23%. Motorola Solutions’s payout ratio is currently 57.54%.
Several research analysts recently commented on MSI shares. Deutsche Bank AG set a $68.00 price target on shares of Motorola Solutions and gave the stock a “hold” rating in a research note on Friday, August 5th. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Wednesday, August 10th. Jefferies Group reaffirmed a “hold” rating on shares of Motorola Solutions in a research note on Friday, September 2nd. Citigroup Inc. started coverage on shares of Motorola Solutions in a research note on Monday, June 20th. They issued a “neutral” rating and a $73.00 price target on the stock. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $80.00 price target on shares of Motorola Solutions in a research note on Friday, August 5th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $73.93.
In other news, EVP Bruce W. Brda sold 10,416 shares of the stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $77.99, for a total transaction of $812,343.84. Following the sale, the executive vice president now owns 25,703 shares of the company’s stock, valued at $2,004,576.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Gregory Q. Brown sold 117,000 shares of the stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $77.11, for a total transaction of $9,021,870.00. The disclosure for this sale can be found here. 2.55% of the stock is currently owned by company insiders.
About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.
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